Wikipedia definition:

An air source heat pump (ASHP) is a system which transfers heat from outside to inside a building, or vice versa. Under the principles of vapor compression refrigeration, an ASHP uses a refrigerant system involving a compressor and a condenser to absorb heat at one place and release it at another. They can be used as a space heater or cooler, and are sometimes called "reverse-cycle air conditioners". In domestic heating use, an ASHP absorbs heat from outside air and releases it inside the building, as hot air, hot water-filled radiators, underfloor heating and/or domestic hot water supply. The same system can often do the reverse in summer, cooling the inside of the house. When correctly specified, an ASHP can offer a full central heating solution and domestic hot water up to 80 °C.

Source: Wikipedia - Air source heat pumps